The EDB raises financing on the Eurobond market for the second time since the beginning of 2021, with a three-year KZT 21.5 billion issue

07 July 2021

Moscow, 30 June 2021. On 30 June 2021, the Eurasian Development Bank (EDB), the region’s leading multilateral development bank, offered a three-year KZT 21.5 billion Eurobond issue with a coupon of 10%, listed on the Irish Stock Exchange. The transaction will be settled on 8 July.  

“This is the EDB’s second Eurobond transaction since the beginning of 2021 and it reconfirms the Bank’s active participation in international debt capital markets. This is also the Bank’s debut in terms of the currency of the issue – the previous offering of tenge-denominated Eurobonds was in 2009. The Bank plans to use the proceeds to finance its project operations in Kazakhstan,” said Nikolai Podguzov, Chairman of the EDB Management Board.

The transaction is another step in the Bank’s consistent efforts to diversify its funding sources. On 10 March 2021, the EDB successfully placed its debut issue of five-year Eurobonds for a total of EUR 300 million with a coupon of 1% (yield to maturity of 1.2%) for the first time since 2013.

Additional Information:

The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries. For 15 years, the Bank has worked to strengthen and broaden economic ties and foster comprehensive development in its member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The EDB's charter capital totals US $7 billion. The EDB’s portfolio mainly consists of projects with an integration effect in the areas of transport infrastructure, digitalisation, green energy, agriculture, industry, and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.

The EDB Media Centre:

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)

Sergey Gorbachev +7 (916) 727 22 00 (Moscow)

pressa@eabr.org

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